Monday, April 1, 2019

Friends, In the interest of stakeholders important due dates for Income Tax for the month April 2019 are given below :-

7 April 2019 -

​Due date for deposit of Tax deducted by an office of the government for the month of March, 2019. However, all sum deducted by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

14 April 2019 -

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of February, 2019

14 April 2019 -

Due date for issue of TDS Certificate for tax deducted under Section 194-IB in the month of February, 2019

15 April 2019 -

Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending March, 2019

15 April 2019 -

Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of March, 2019

30 April 2019 -

Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of March, 2019 has been paid without the production of a challan

30 April 2019 -

Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of March, 2019

30 April 2019 -

Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IB in the month of March, 2019

30 April 2019 -

Due date for deposit of Tax deducted by an assessee other than an office of the Government for the month of March, 2019.

30 April 2019 -

Due date for e-filing of a declaration in Form No. 61 containing particulars of Form No. 60 received during the period October 1, 2018 to March 31, 2019.

30 April 2019 -

Due date for uploading declarations received from recipients in Form. 15G/15H during the quarter ending March, 2019.

30 April 2019 -

Due date for deposit of TDS for the period January 2019 to March 2019 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H.

Tuesday, March 26, 2019

FAQs > GSTR-9

1. What is Form GSTR-9?

Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc in this return. In the Annual Return for F.Y 2017-18, the details pertaining to the period from July 2017 to March 2018 are to be reported. In case, the taxpayer is registered after 1st July 2017, in such case, details for the period from the effective date of registration till 31st March, 2018 is to be provided in Annual Return.

2. Who need to file Annual Return in Form GSTR-9?

Form GSTR-9 is to be filed by a person who is registered as a normal taxpayer, including SEZ unit or SEZ developer and the taxpayers who have withdrawn from the composition scheme to normal taxpayer any time during the year.

Note:

Composition taxpayers are required to file Annual Return in Form GSTR-9A.

3. What is the difference between Form GSTR-9 and Form GSTR-9C?

Form GSTR-9 is required to be filed by every person registered as normal taxpayer irrespective of their turnover.

Form GSTR-9C is required to be filed by every registered person whose turnover has been more than Rs. 2 crores during the financial year. Such taxpayers are required to get their accounts audited by Chartered Accountant or Cost Accountant and need to submit a copy of audited annual accounts and reconciliation statement as specified under section 44(2) of CGST Act.

4. Is it mandatory to file Form GSTR-9?

Yes, it’s mandatory to file Form GSTR-9 for normal taxpayers.

5. I am a regular/ normal taxpayer for part period and composition taxpayer for part period during the financial year. Do I need to file Form GSTR-9 or Form GSTR-9A?

You are required to file both Form GSTR-9 and Form GSTR-9A for the respective period.

The period during which the taxpayer remained as composition taxpayer, Form GSTR-9A is required to be filed. And, for period for which the taxpayer is registered as normal taxpayer, Form GSTR-9 is required to be filed.

For example: If the taxpayer had opted for Composition scheme from 1st July 2017 to 31st Dec 2017, then Form GSTR-9A is required to be filed for such period. And, if the taxpayer had opted out of composition scheme and registered as a normal taxpayer during period say 1st Jan 2018 to 31st Mar 2018, then for such period Form GSTR-9 is required to be filed.

Both Form GSTR-9 and Form GSTR-9A for the respective period are required to be filed for FY 2017-18, in such cases.

6. I got my registration cancelled in the financial year. Can I file Form GSTR-9?

Yes, the annual return needs to be filed even if the taxpayer has got his registration cancelled during the said financial year.

7. I have opted for composition scheme in the financial year. Do I need to file Form GSTR-9?

Taxpayers who have opted for the composition scheme need to file Form GSTR-9 for the period during which they were registered as a normal taxpayer.

8. I opted out of composition scheme in the financial year. Do I need to file Form GSTR-9?

Taxpayer who have opted out from the composition scheme during the relevant financial year is required to file Form GSTR-9 for the period they paid the tax at normal rates.

9. What are the pre-conditions for filing Form GSTR-9?

Pre-conditions for filing of Form GSTR-9 are:

Taxpayer must have active GSTIN during the relevant financial year as a normal/regular taxpayer even for a single day.

Taxpayer has filed all applicable returns i.e. Form GSTR-1 and Form GSTR-3B of the relevant financial year before filing the Annual Return.

10. Can I file nil Form GSTR-9?

Nil Form GSTR-9 can be filed for the Financial year, if you have: -

NOT made any outward supply (commonly known as sale); AND

NOT received any goods/services (commonly known as purchase); AND

NO other liability to report; AND

NOT claimed any credit; AND

NOT claimed any refund; AND

NOT received any order creating demand; AND

There is no late fee to be paid etc.

11. From where can I as a taxpayer file Form GSTR-9?

Navigate to Services > Returns > Annual Return to file Form GSTR-9.

12. Is there any Offline Tool for filing Form GSTR-9?

Currently, Form GSTR-9 return can be filed through online mode only. However, offline tool for Form GSTR-9 will be released shortly.

13. By when do I need to file Form GSTR-9?

The due date for filing Form GSTR-9 for a particular financial year is 31st December of subsequent financial year or as extended by Government through notification from time to time.

14. Can the date of filing of Form GSTR-9 be extended?

Yes, date of filing of Form GSTR-9 can be extended by Government through notification.

15. Form GSTR-9 return is required to be filed at entity level or GSTIN level?

Form GSTR-9 return is required to be filed at GSTIN level i.e. for each registration. If taxpayer has obtained multiple GST registrations, under the same PAN, whether in the same State or different States, he/she is required to file annual return for each registrations separately, where the GSTIN was registered as a normal taxpayer for some time during the financial year or for the whole of the financial year.

16. I have not filed all my applicable return(s)/ statement(s) during the financial year. Still, can I file Annual return without filing of those applicable return(s)/ statement(s)?

No. You cannot file return in Form GSTR-9 without filing Form GSTR-1 and Form GSTR-3B for all applicable periods during the relevant financial year.

17. In which tables of Form GSTR-9, the details are required to be provided?

Details are required to be provided in Form GSTR-9 in the following tables:

1. 4.Details of advances, inward and outward supplies made during the financial year on which tax is payable: To enter/ view the summary of outward/ inward supplies made during the financial year

2. 5.Details of Outward supplies made during the financial year on which tax is not payable: To enter/ view the summary of non-taxable outward supplies made during the financial year

3. 6.Details of ITC availed during the financial year: To enter/ view the summary of ITC availed during the financial year

4. 7.Details of ITC reversed and Ineligible ITC for the financial year: To enter/ view the summary of ITC reversed or ineligible for the financial year

5. 8. Other ITC related information: To enter/ view the ITC availed during the financial year

6. 9.Details of tax paid as declared in returns filed during the financial year: To enter/ view the tax (including Interest, Late Fee, Penalty & Others) paid during the financial year

7. 10,11,12&13 Details of the previous Financial Year's transactions reported in next Financial Year: To enter/ view the summary of transactions reported in next financial year

8. 14. Differential tax paid on account of declaration in table no. 10 & 11: To enter/ view the total tax paid on transactions reported in next financial year

9. 15. Particulars of Demands and Refunds: To enter/ view particulars of demands and refunds during the financial year

10. 16. Supplies received from Composition taxpayers, deemed supply by job worker and goods sent on approval basis: To enter/ view the summary of supplies received from Composition taxpayers, deemed supply by job worker and goods sent on approval basis

11. 17. HSN wise summary of Outward Supplies: To enter/ view HSN wise summary of outward supplies made during the financial year

12. 18. HSN wise summary of Inward Supplies: To enter/ view HSN wise summary of inward supplies received during the financial year

18. Do I need to provide/ update details in all the tables in Form GSTR-9 before filing?

You are required to provide/ update details only in those tables which are relevant to your business.

19. Which tables in Form GSTR-9 has auto-populated data from filed Form GSTR-1 and Form GSTR-3B?

Below tables in Form GSTR-9 has auto-populated data, from already filed Form GSTR-1 and Form GSTR-3B of the relevant financial year:

4. Details of advances, inward and outward supplies made during the financial year on which tax is payable

5. Details of Outward supplies made during the financial year on which tax is not payable

6A Total amount of input tax credit availed through FORM GSTR-3B (sum total of Table 4A of FORM GSTR-3B)

6G- Input Tax credit received from ISD

6K- Transition Credit through TRAN-I (including revisions if any)

6L- Transition Credit through TRAN-II

9. Details of tax paid as declared in returns filed during the financial year

20. Which table in Form GSTR-9 has auto-populated data from Form GSTR-2A?

Below table in Form GSTR-9 has auto-populated data, from Form GSTR-2A of the relevant financial year:

Table no. 8A: ITC as per GSTR-2A (Table 3 & 5 thereof)

21. Can I edit auto-populated data from filed Form GSTR-1 and GSTR-3B in Form GSTR-9?

Yes, you can edit auto-populated data from filed Form GSTR-1 and GSTR-3B in Form GSTR-9, except data in below mentioned tables:

Table no. 6A: Total amount of input tax credit availed through FORM GSTR-3B (sum total of Table 4A of FORM GSTR-3B)

Table no. 8A: ITC as per GSTR-2A (Table 3 & 5 thereof)

Table no. 9: Details of tax paid as declared in returns filed for the financial year (Except tax payable column)

22. Can I download system computed values of Form GSTR-9?

Yes, taxpayer can download the system computed values for Form GSTR-9 in PDF format. This will help the taxpayer to use it for reference while filling Form GSTR-9.

23. Will consolidated summary of Form GSTR-1 be made available for the returns filed during the financial year?

Yes. Consolidated summary of all filed Form GSTR-1 statement for the relevant financial year is available for download in PDF format.

25. Can I change the details after clicking on ‘Proceed to File" button?

Yes. You can change/edit the details before filing of Form GSTR-9 return. However, the auto-populated data will not be editable in the following fields.

• Table no. 6A: Total amount of input tax credit availed through Form GSTR-3B (sum total of Table 4A of Form GSTR-3B)

• Table no. 8A: ITC as per Form GSTR-2A (Table 3 & 5 thereof).

• Table no. 9 (Except tax payable column)

26. What happens after COMPUTE LIABILITIES button is clicked?

After COMPUTE LIABILITIES button is clicked, details provided in various tables are processed on the GST Portal at the back end and Late fee liabilities, if any, are computed. Late fee is calculated, if there is delay in filing of annual return beyond due date.

27. Is there any late fee for late filing of Form GSTR-9?

Yes, there is a late fee for filing of Form GSTR-9 beyond the due date.

28. When "Late fee payable and paid" tile in Form GSTR-9 gets enabled?

Once the status of Form GSTR-9 is Ready to File and liabilities are calculated, 19. Late fee payable and paid tile gets enabled for filing of Form GSTR-9 by the taxpayer.

29. Can I file Form GSTR-9 return without paying late fee (if applicable)?

No. You can’t file Form GSTR-9 without payment of late fee for Form GSTR-9, if same is filed after the due date.

30. Is there any option to make payment other than late fee (if applicable) in Form GSTR-9?

After filing of your return in Form GSTR-9, you will get a link to navigate to Form GST DRC-03 to pay tax, if any. Any additional payment can be made using Form GST DRC-3 functionality only through utilisation from Electronic Cash Ledger.

31. In Form GSTR-9, can additional liability not reported earlier in Form GSTR-3B be declared?

Yes, additional liability not reported earlier at the time of filing Form GSTR-3B can be declared in Form GSTR-9. The additional liability so declared in Form GSTR-3B are required to be paid through Form GST DRC-03.

32. Can I claim or report any unclaimed ITC through Annual Return?

No. You cannot claim ITC through Form GSTR-9.

33. What do I need to do if available cash balance in Electronic Cash Ledger is less than the amount required to offset the liabilities?

Available cash balance as on date in Electronic Cash Ledger is shown to the taxpayer in "Cash Ledger Balance" table. If available cash balance in Electronic Cash Ledger is less than the amount required to offset the liabilities, then additional cash required to be paid by taxpayer is shown in the "Additional Cash Required" column. You may create challan for the additional cash directly by clicking on the CREATE CHALLAN button.

34. What are the modes of signing Form GSTR-9?

You can file Form GSTR-9 using DSC or EVC.

(a) Digital Signature Certificate (DSC)

Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. A digital certificate can be presented electronically to prove one’s identity, to access information or services on the Internet or to sign certain documents digitally. In India, DSC are issued by authorized Certifying Authorities.

The Electronic Verification Code (EVC) authenticates the identity of the user at the GST Portal by generating an OTP. The OTP is sent to the mobile phone number of the registered mobile phone of Authorized Signatory filled in part A of the Registration Application.

35. I am getting a warning message that records are under processing or processed with error while filing Form GSTR-9. What do I do?

In case, records (or data as submitted while filing Form GSTR-9) are processed with error or are under processing at the back end, a warning message is displayed. If records are still under processing, wait for processing to be completed at the back end. For records which are processed with error, go back to Form GSTR-9 and take action on those records for making corrections.

36. Can I preview Form GSTR-9 before filing?

Yes, you can view/download the preview of Form GSTR-9 in PDF and Excel format by clicking on ‘PREVIEW DRAFT GSTR-9 (PDF)' and ‘PREVIEW DRAFT GSTR-9 (EXCEL)' button before filing Form GSTR-9 on the GST Portal.

37. Can I revise Form GSTR-9 return after filing?

No, you cannot revise Form GSTR-9 return after filing.

38. What happens after Form GSTR-9 is filed?

After Form GSTR-9 is filed:

ARN is generated on successful filing of the return in Form GSTR-9.

An SMS and an email is sent to the taxpayer on his registered mobile and email id.

Friday, October 5, 2018

Due Dates for the month October 2018

7 October 2018 -

Due date for deposit of tax deducted/collected for the month of September, 2018. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

7 October 2018 -

Due date for deposit of TDS for the period July 2018 to September 2018 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H

15 October 2018 -

Due date for furnishing of Form 24G by an office of the Government where TDS for the month of September, 2018 has been paid without the production of a challan

15 October 2018 -

Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of August, 2018

15 October 2018 -

Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of August, 2018

15 October 2018 -

Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending September, 2018

15 October 2018 -

Quarterly statement of TCS deposited for the quarter ending September 30, 2018

15 October 2018 -

Upload declarations received from recipients in Form No. 15G/15H during the quarter ending September, 2018

15 October 2018 -

Due date for filing of audit report under section 44AB for the assessment year 2018-19 in the case of a corporate-assessee or non-corporate assessee (who is required to submit his/its return of income on September 30, 2018) has been extended from September 30, 2018 to October 15, 2018 vide Order [F.NO.225/358/2018-ITA.II], dated 24-9-2018.

15 October 2018 -

Due date for filing of annual return of income for the assessment year 2018-19 if the assessee (not having any international or specified domestic transaction) is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) working partner of a firm whose accounts are required to be audited) has been extended from September 30, 2018 to October 15, 2018 vide Order [F.NO.225/358/2018-ITA.II], dated 24-9-2018.

30 October 2018 -

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of September, 2018

30 October 2018 -

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of September, 2018

30 October 2018 -

Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2018

31 October 2018 -

Intimation by a designated constituent entity, resident in India, of an international group in Form no. 3CEAB for the accounting year 2017-18.

31 October 2018 -

Country-By-Country Report in Form No. 3CEAD by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the accounting year 2017-18.

31 October 2018 -

Quarterly statement of TDS deposited for the quarter ending September 30, 2018

31 October 2018 -

Due date for furnishing of Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2018 -

Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2018

31 October 2018 -

Copies of declaration received in Form No. 60 during April 1, 2018 to September 30, 2018 to the concerned Director/Joint Director